Project Governance

Getting Investments Right

by Terry M Williams,

Large projects are complex undertakings representing major investments. Often problems arise because of failure at the start of a project in terms of establishing governance, choosing the appropriate concept, analyzing the proposal and environment, and maximizing the utility of the investment, all within complex and political decision-making structures. As a result, many projects fail even though they were implemented successfully, simply because the project concept was wrong. While attention has been paid to project execution, this area is under represented in literature. However, considerable advances have been made, both practical and in putting the behaviour and management of major projects on a proper theoretical basis. This volume therefore provides a resumé of the state of this domain. It is a guide for practitioners, decision-makers and their advisors, as well as students. It takes a narrow view of the project, widening to place it within the organization, then the organizational nexus, and finally the political environment, to give a holistic view on how bad ideas can be avoided and good ideas developed into successful projects.
  • Palgrave Macmillan; October 2012
  • ISBN 9781137274618
  • Read online, or download in secure PDF format
  • Title: Project Governance
  • Author: Terry M Williams (ed.); Knut Samset (ed.)
  • Imprint: Palgrave Macmillan

About The Author

TERRY WILLIAMS is Dean of Hull University Business School, UK, and a management scientist. After nine years in the defence industry in project risk management, he returned to academia. He was previously department head at the University of Strathclyde and the Director of the University of Southampton's School of Management, UK. He is widely published, is a qualified project manager and is active in the project management research community.
KNUT SAMSET is a professor at the Norwegian University of Science and Technology and Director of the Concept Research Program on Front-end Management of Major Investment Projects. His background is in engineering and social science. He has extensive experience as advisor to national and international governmental organisations, and has written a number of books on project design, evaluation, and project risk management.